🔥 $LAB | 🔴 SHORT · Confidence 86%
📉 The 1D timeframe is falling, but the 1H RSI is only 52.4 → the market is still quite neutral. There’s no oversold condition yet, so I’m waiting for a pullback into a nice zone to Short instead of chasing price.
🎯 TRADING PLAN
* 🔴 Entry: 0.0513464 – 0.0517936
* 🛑 SL: 0.0575300
* 💰 TP1: 0.0471000
* 🎯 TP2: 0.0441200
* 🚀 TP3: 0.0396500
* ⚠️ Invalidation: 0.0670310
🧠 WHY SHORT?
📉 Daily: The main trend is still leaning bearish.
📊 1H: Price is currently around 0.0515700, RSI 52.4 → not overbought/oversold yet, still room for another downswing.
⚡ ATR 1H = 0.002484 → volatility range is large enough for price to potentially reach TP1/TP2 if the bearish momentum holds.
📍 The 0.0513464–0.0517936 zone is the area I want to watch for reaction. No need to Short mid-way; prioritize waiting for price to come back to the Entry and then confirm rejection.
🛑 If price breaks and holds above 0.0670310 → the Short thesis is invalid. Don’t be stubborn if the scenario is wrong.
👀 Will this trade go straight to TP2 0.0441200, or will LAB come back to reclaim the Entry zone?
👇 Chart is here.
⚠️ Personal analysis only, for educational purposes. NFA — DYOR and manage your risk yourself. Not investment advice or a recommendation.
📉 The 1D timeframe is falling, but the 1H RSI is only 52.4 → the market is still quite neutral. There’s no oversold condition yet, so I’m waiting for a pullback into a nice zone to Short instead of chasing price.
🎯 TRADING PLAN
* 🔴 Entry: 0.0513464 – 0.0517936
* 🛑 SL: 0.0575300
* 💰 TP1: 0.0471000
* 🎯 TP2: 0.0441200
* 🚀 TP3: 0.0396500
* ⚠️ Invalidation: 0.0670310
🧠 WHY SHORT?
📉 Daily: The main trend is still leaning bearish.
📊 1H: Price is currently around 0.0515700, RSI 52.4 → not overbought/oversold yet, still room for another downswing.
⚡ ATR 1H = 0.002484 → volatility range is large enough for price to potentially reach TP1/TP2 if the bearish momentum holds.
📍 The 0.0513464–0.0517936 zone is the area I want to watch for reaction. No need to Short mid-way; prioritize waiting for price to come back to the Entry and then confirm rejection.
🛑 If price breaks and holds above 0.0670310 → the Short thesis is invalid. Don’t be stubborn if the scenario is wrong.
👀 Will this trade go straight to TP2 0.0441200, or will LAB come back to reclaim the Entry zone?
👇 Chart is here.
⚠️ Personal analysis only, for educational purposes. NFA — DYOR and manage your risk yourself. Not investment advice or a recommendation.
